NCC to construct apartments in Stavanger for SEK175 million

NCC Construction Norway is to construct 101 apartments in a residential project in Stavanger. The client is Tou Näringspark and the order value is approximately SEK 175 million.

The project comprises three buildings positioned above two levels with parking and business premises. The contract comprises the first three stages of the Tou Park residential project. Development company Tou Näringspark is responsible for the development of the area of Stavanger in question. Construction is scheduled to commence in September 2010 and is subject to the required official permits. The construction period is anticipated to be two years. Order registration will occur in the third quarter of 2010.